Advanced Micro Devices Higher Off Positive Comments From M Science

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares were seen trading higher by $0.30 at $12.62 in Monday's session. Traders are attributing the rally to positive comments from research firm M Science. The firm focuses on internal data as well as third-party data as indicators for individual companies and sectors.

After a higher open, AMD has had a brief retreat but found support just ahead of Thursday's close ($12.31) at $12.37 and resumed its move higher. At this time, it is trading at the high for the session at $12.63. If the rally continues, there my be additional resistance at Thursday's high ($12.72) as well as last Wednesday's high ($13.10).